US Fed expected to cut interest rate again

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WASHINGTON - The US Federal Reserve is expected to cut interest rates by a quarter point later on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's path and Donald Trump's economic proposals.

This is the final planned interest rate decision before Democratic President Joe Biden makes way for Republican Donald Trump, whose economic proposals include tariff hikes, and the mass deportation of millions of undocumented workers.

But it still has to deal with the implications of government policies on the broader economy.“I think it is possible — conceptually possible — to have a baseline that’s agnostic as to Trump’s policies,” said Sheets from Citigroup.“And I think that that is the way that Powell is going to try to sell it.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Rate Powell Rates 2025 Cuts Expect Expected Inflation Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 21:45:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 726 words

Reading Time: 5 minutes read

Sentences: 18 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24538911

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Official Website: bangkokpost.com

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